What is In My Insurance Policy Parts 6 - 8
|6. Compulsory Coverage|
There are several types of compulsory insurance that you are required to purchase under Massachusetts law. These coverages are:
Bodily Injury to Others protects you against legal liability for the accidental injury or death of others (but not your passengers) caused by the operation of your car, but only if the accident occurs in Massachusetts. You will be covered up to a basic limit of $20,000 per person and $40,000
Personal Injury Protection (PIP) pays up to $8,000 for medical expenses, replacement services and 75% of any lost wages. PIP will pay these expenses to you or anyone you let drive your car, anyone living in your household, passengers and pedestrians, no matter who causes the accident.
Bodily Injury Caused by Uninsured Auto protects you, anyone you let drive your car, household members and
Property Damage pays for damage to another person's property when you, a household member or another authorized driver cause an accident. A minimum limit of $5,000 is required.
7. Optional Coverage
Compulsory insurance is the minimum amount of coverage required by state law. Accidents can often result in damage that exceeds these limits. Depending on your individual needs, you may wish to purchase increased limits on these coverages or additional types of coverages such as those listed below. You should consult with an agent or other insurance professional for help in determining what types and how much coverage you need.
Examples of optional coverages that companies may offer are as follows:
Each of these coverages is subject to important limitations and exclusions. Agents and companies must inform you in simple language of your coverage options when you apply for an automobile insurance policy, or at any time upon your request if you already have a policy.
8. Mandatory Offer
Insurers and agents must offer you the option of purchasing the following amounts of coverage: